Betsy Spiker Holcombbetsy@deepcreekvacations.com301-616-5022

$1,649,500 14201 and 14203 CEDARWOOD DRIVE #1-24, CRESAPTOWN

  • MLS#:MDAL133492
  • Property Type: Commercial Sale
  • Address: 14201 and 14203 CEDARWOOD DRIVE #1-24
  • City / Zip:CRESAPTOWN, MD 21502
  • County:ALLEGANY
  • Neighborhood:GLEN OAKS
  • Bedrooms:0
  • Bathrooms:0
  • Heated Sq Ft:24,000
  • Building Sq Ft:24,000
  • Acres:1.24
  • Year Built:1974
  • Zoning:R
  • Date Listed:04/24/2020
  • StatusUnder Contract

    Agent's Comments

    24 units owned by same family since 1970's! 100% leased as of 1/15/2020 STRONG STABLE RENTAL HISTORY Current rent roll over $17,000 per month income. Projected net operating income over $120,000 per year after all expenses. all Market rate leases with no subsidies or HUD tenants. Suburban Location 5 minutes from IBM and Northrop Grumman, Western Correctional 18 of the 24 apartments have been rennovated with newer appliances floor coverings and fixtures in the past 12 years, others are occupied by long term tenants.

    Listing provided courtesy of the MLS.

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Listings provided courtesy of the MLS.

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